Meritage Hospitality Group (OTCMKTS:MHGU) Announces Quarterly Earnings Results

Meritage Hospitality Group (OTCMKTS:MHGU) posted its quarterly earnings data on Friday. The company reported $999.00 earnings per share (EPS) for the quarter, reports. The firm had revenue of $132.60 million for the quarter. Meritage Hospitality Group had a negative return on equity of 23.95% and a negative net margin of 5.14%.

Meritage Hospitality Group Price Performance

Shares of MHGU stock remained flat at $2.06 on Friday. The stock had a trading volume of 7,834 shares, compared to its average volume of 4,364. The company has a current ratio of 0.09, a quick ratio of 0.07 and a debt-to-equity ratio of 0.03. Meritage Hospitality Group has a 12 month low of $1.96 and a 12 month high of $13.49. The company has a market capitalization of $13.88 million, a PE ratio of -0.40 and a beta of -0.07. The firm’s 50 day moving average price is $2.51 and its 200 day moving average price is $3.43.

About Meritage Hospitality Group

Meritage Hospitality Group (OTCMKTS: MHGU) is a diversified hospitality company that invests in, develops and manages limited- and select-service hotels across the United States. The company’s core activities include identifying and acquiring strategic hotel assets, securing franchise affiliations with prominent lodging brands and overseeing day-to-day property operations through its in-house management platform. Meritage’s vertically integrated model seeks to capture value at each stage of the hotel lifecycle, from site selection and development to ongoing asset management and performance optimization.

Meritage partners with leading national and global hotel franchisors, typically operating under brands within the Marriott, Choice and IHG portfolios.